TIDMCFCP 
 
Capital for Colleagues plc / EPIC: CFCP / Market: AQSE / Sector: Financials 
 
22 June 2023 
 
CAPITAL FOR COLLEAGUES PLC 
 
('Capital for Colleagues', 'C4C' or the 'Company') 
 
QUARTERLY INVESTMENT UPDATE 
 
Capital for Colleagues, the investment vehicle focused on opportunities in the 
Employee Owned Business ('EOB') sector, announces an investment update in 
respect of the quarter ended 31 May 2023. 
 
Key Statistics for the quarter: 
 
  * Portfolio comprised of 14 unquoted EOBs at the end of the quarter (28 
    February 2023: 13) 
  * Net Asset Value ('NAV') of £15,184,896 (28 February 2023: £14,384,014) 
  * NAV per share increased to 82.11 pence in the quarter (28 February 2023: 
    77.78 pence per share) 
 
Key Developments in the quarter: 
 
  * Capital for Colleagues agreed to invest £1.0 million for 1,000,000 A 
    ordinary shares in Morris Commercial, alongside Bill Ainscough, a 
    non-executive Director of the Company, and TJ Morris Limited, a significant 
    shareholder in C4C, both of whom are investing £3.5 million. Morris 
    Commercial is a UK-based automotive engineering and manufacturing start-up, 
    focused on innovation and the creation of desirable carbon neutral 
    transport. Morris Commercial's initial product, the Morris JE electric van, 
    draws inspiration from the iconic Morris J-Type, arguably one of the most 
    recognisable vans of the 1950s. 
  * Investee company, Craft Prospect Limited, was appointed to lead the OPS-SAT 
    Versatile Optical Laboratory for Telecoms ('VOLT') Mission, a joint mission 
    with the European Space Agency, for demonstrating products and services 
    within a Versatile Optical Laboratory for Telecommunications.  The project 
    has a total value of around ?12.0 million. 
 
The Company currently has cash balances of £1,918,190. The Company has no debt. 
 
Further information on the Company's investment portfolio is set out below. 
 
UNQUOTED INVESTMENTS 
 
As at 31 May  2023, the Company's portfolio of unquoted investments was valued 
at £13,695,644 and comprised 14 companies operating across a range of sectors, 
as set out below: 
 
Industrials (value: £6,042,456; 44.12% of Portfolio) 
 
Construction & Materials                                        Support Services 
Ecomerchant Natural Building                           Hire and Supplies Limited 
Materials Limited                                   Flow Control Company Limited 
Carpenter Oak Group Limited                 The Security Awareness Group Limited 
TPS Investment Holdings Limited 
                                                                     Engineering 
Industrial Transportation                              Morris Commercial Limited 
Place 2 Place Logistics Limited 
 
Leisure & Travel (value: £662,877; 4.84% of Portfolio) 
 
Recreational Services 
 
South Cerney Outdoor Limited 
 
 
 
Media (value: £523,478; 3.82% of Portfolio) 
 
Exhibition Centres 
The Homebuilding Centre 
(Holdings) Limited 
 
 
Technology (value: £6,466,833; 47.22% of Portfolio) 
 
Software & Computer Services 
2C Services Limited 
Bright Ascension Limited 
Computer Application Services 
Limited 
Craft Prospect Limited 
 
 
The loans and investments made by the Company to or in unquoted EOBs are aimed 
at delivering equity-like returns.  Each loan or investment is tailored to the 
individual investee company's operating performance and specific working 
capital needs. 
 
The Directors believe that the unquoted EOBs in the Company's portfolio 
currently generate total turnover of around £46.5 million (£46.4 million) per 
annum and support approximately 335 (315) jobs. 
 
Total Unquoted Investments (including short-term loans) as at 31 May 2023 
 
Cost:  £8,841,312 
 
Valuation (including capitalised costs):  £13,695,644 
 
BASIS OF VALUATION 
 
Each of the unquoted investments is included at the Directors' assessment of 
fair value, in accordance with International Private Equity and Venture Capital 
Guidelines. 
 
Account is taken of any potential taxation liability in respect of the increase 
in value of investments on a quarterly basis. 
 
**ENDS** 
 
For further information, please visit www.capitalforcolleagues.com or contact: 
 
 
CAPITAL FOR COLLEAGUES PLC                                      01985 201 980 
Richard Bailey, Chairman 
Alistair Currie, Chief Executive 
John Lewis, Finance Director 
 
PETERHOUSE CAPITAL LIMITED                                      020 7469 0930 
Mark Anwyl 
 
Capital for Colleagues 
 
Capital for Colleagues is an investment company focused on the UK EOB sector. 
The Company has a proven management team, with a wide network of contacts and 
affiliates, as well as established access to investment opportunities, enabling 
the Company to execute its strategy and capitalise on EOB-focused investment 
opportunities. In addition, the Company educates and assists companies that are 
looking to launch employee ownership schemes, advising them, amongst other 
things, on how to secure investment and achieve their objectives. 
 
Market Abuse Regulation (MAR) Disclosure 
 
This announcement contains inside information for the purposes of Article 7 of 
the Market Abuse Regulation EU 596/2014 as it forms part of retained EU law (as 
defined in the European Union (Withdrawal) Act 2018). 
 
 
 
END

(END) Dow Jones Newswires

June 22, 2023 02:01 ET (06:01 GMT)

Capital for Colleagues (AQSE:CFCP)
Historical Stock Chart
Von Apr 2024 bis Mai 2024 Click Here for more Capital for Colleagues Charts.
Capital for Colleagues (AQSE:CFCP)
Historical Stock Chart
Von Mai 2023 bis Mai 2024 Click Here for more Capital for Colleagues Charts.